09/08/2021
A more permissive approach to group litigation?
Several similar so-called mass tort claims have recently come before the UK courts.
Legal, Regulation & Compliance
09/08/2021
DIFC is a top priority for UK data transfer “adequacy” status
The UK has formally announced that it is assessing the DIFC as a “top priority” for an “adequacy” decision for personal data transfers.
09/08/2021
Financial Services & Banking News
The Parliament will consider the proposed Directive during its plenary session to be held from 18 to 21 October 2021.
09/08/2021
PRIIPs KID – Commission publishes its proposed Level 2 RTS
The European Commission has formally adopted its proposed Level 2 measures regarding the content of the PRIIPs KID along with a delay to their application.
09/08/2021
FCA under fire for providing false information
The firm in question, dubbed Firm X, was an EEA based firm passported in from Germany, which was shown as an active company on the FCA register until January 16, 2020, even though the original company was wound up in 2018.
09/08/2021
Financial Regulation: Daily Update
The update details the FCA's decision to not extend the temporary guidance on maturing interest-only and part-and-part mortgages in PS20/11, which will expire on 31 October 2021.
09/07/2021
ABN Amro to compensate clients for variable interest excesses
This scheme offers a solution for all clients involved.
09/07/2021
Package designed to ensure financial market development and investor protection in the market
Changes regarding the tender offer to subscribe for the sale or exchange of shares in a company
09/07/2021
UBS: Another rumor of sale in Madrid
Because last April the Madrid branch had already been sold to the Fürstenbank LGT or the Swiss-Brazilian private bank J. Safra Sarasin in Spain .
09/07/2021
Disclosure of Beneficial Ownership in 2021 – Luxembourg Perspectives
The Luxembourg Beneficial Ownership regulatory framework has been completed first with the issuance on February 15, 2019
09/07/2021
Financial Regulation: Daily Update
This would mean that short-term liabilities owed to these firms will continue to be exempt from bail-in under the Banking Act.
09/07/2021
24 lords placed under investigation over financial interests
Probe by the Standards Commissioner follows openDemocracy revelations of ‘shocking lack of transparency’, in one of the widest-scale breaches ever exposed
09/06/2021
German state-owned bank fined for Angolan loan exposed in Luanda Leaks
KfW-Ipex-Bank, an import-export bank, had loaned more than $55 million through an Angolan bank to a brewery controlled by Isabel dos Santos.
09/06/2021
Lloyds taken to court over mortgages tied to property values
The case is against the Bank of Scotland, which Lloyds merged with back in 2008 as part of a £12bn deal during the financial crisis to create the UK’s largest retail bank.
09/06/2021
Global CEO confidence returns to pre-pandemic levels
Launching aggressive M&A plans to capture market opportunities
09/06/2021
FRC announces 125 'successful' signatories to new UK Stewardship Code as one-third of applicants fail to make list
Received 189 applications, 147 from asset managers
09/06/2021
SRD II: Transforming Global Proxy Voting And Shareholder Disclosure
Investor communications is a core competency, at the heart of Broadridge.
09/06/2021
Financial Regulation: Daily Update
The FCA has updated its webpages on the Green FinTech Challenge and the Digital Sandbox.
09/05/2021
Luxembourg Plans To Give Its Business Registry More Teeth
The move comes six months after a group of international journalists, coordinated by OCCRP, published their OpenLux investigations, revealing how the country’s opaque financial system allows criminals and the corrupt to avoid taxes and launder their
09/05/2021
Financial Regulation Daily Update
Led by the Innovation Hub’s Singapore Centre, Project Dunbar aims to develop prototype shared platforms for cross-border transactions using multiple CBDCs.